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Create a loan amortization schedule in excell for a $27,000 car loan that will be repaid over 48 months at an annual interest rate of

Create a loan amortization schedule in excell for a $27,000 car loan that will be repaid over 48 months at an annual interest rate of 6%.

What is your monthly payment? _$_

What is the total dollar amount of payments made over the life of this loan? $____

What is the total dollar amount of interest paid over the life of this loan? $___________

How many months will it take to pay off the loan if you pay an extra $100 per

month? ___________

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